Applicant relied on this case which held the arrangement was a lease not a sale, but court distinguished it on the facts following MAKARAU JP's approach.
The court distinguished the facts in Kovi's case (where the Supreme Court found a lease agreement and no evidence of exercising option to purchase) from the…
Court follows the decision where Makarau JP distinguished the Kovi case and held after a full trial based on similar claims that the facts established a sale,…
Applicant relied on this case for interpretation of the memorandum of agreement, but the court distinguished it on the basis that the facts presented were…
First respondent relied on this Supreme Court case which ruled that the agreement signed on 1 December 2003 was not a sale, but the court notes it was…
Cited to support the argument that the memorandum in question did not constitute an agreement of sale.
The court agrees with the Supreme Court that the agreement of 1 December 2003 was not itself an agreement of sale but an offer to sell, but distinguishes the…